Student Loan Grace Cost
Calculator

Balance after grace

$30,834.51

Results

Balance after grace: $30,834.51
Interest added during grace: $834.51
Monthly payment: $334.64
Total interest: $9,321.75

Balance and interest over time

Remaining balance
Interest paid to date

Payment schedule


1	334.64	193.31	141.32	30,641.20
2	334.64	194.20	140.44	30,447.00
3	334.64	195.09	139.55	30,251.92
4	334.64	195.98	138.65	30,055.94
5	334.64	196.88	137.76	29,859.06
6	334.64	197.78	136.85	29,661.28
7	334.64	198.69	135.95	29,462.59
8	334.64	199.60	135.04	29,262.99
9	334.64	200.51	134.12	29,062.48
10	334.64	201.43	133.20	28,861.04
11	334.64	202.36	132.28	28,658.69
12	334.64	203.28	131.35	28,455.40
13	334.64	204.21	130.42	28,251.19
14	334.64	205.15	129.48	28,046.04
15	334.64	206.09	128.54	27,839.95
16	334.64	207.04	127.60	27,632.91
17	334.64	207.98	126.65	27,424.93
18	334.64	208.94	125.70	27,215.99
19	334.64	209.90	124.74	27,006.09
20	334.64	210.86	123.78	26,795.24
21	334.64	211.82	122.81	26,583.41
22	334.64	212.79	121.84	26,370.62
23	334.64	213.77	120.87	26,156.85
24	334.64	214.75	119.89	25,942.10
25	334.64	215.73	118.90	25,726.36
26	334.64	216.72	117.91	25,509.64
27	334.64	217.72	116.92	25,291.92
28	334.64	218.71	115.92	25,073.21
29	334.64	219.72	114.92	24,853.49
30	334.64	220.72	113.91	24,632.77
31	334.64	221.74	112.90	24,411.03
32	334.64	222.75	111.88	24,188.28
33	334.64	223.77	110.86	23,964.51
34	334.64	224.80	109.84	23,739.71
35	334.64	225.83	108.81	23,513.88
36	334.64	226.86	107.77	23,287.02
37	334.64	227.90	106.73	23,059.12
38	334.64	228.95	105.69	22,830.17
39	334.64	230.00	104.64	22,600.17
40	334.64	231.05	103.58	22,369.12
41	334.64	232.11	102.53	22,137.01
42	334.64	233.17	101.46	21,903.84
43	334.64	234.24	100.39	21,669.59
44	334.64	235.32	99.32	21,434.28
45	334.64	236.40	98.24	21,197.88
46	334.64	237.48	97.16	20,960.40
47	334.64	238.57	96.07	20,721.84
48	334.64	239.66	94.98	20,482.18
49	334.64	240.76	93.88	20,241.42
50	334.64	241.86	92.77	19,999.55
51	334.64	242.97	91.66	19,756.58
52	334.64	244.08	90.55	19,512.50
53	334.64	245.20	89.43	19,267.30
54	334.64	246.33	88.31	19,020.97
55	334.64	247.46	87.18	18,773.51
56	334.64	248.59	86.05	18,524.92
57	334.64	249.73	84.91	18,275.19
58	334.64	250.87	83.76	18,024.32
59	334.64	252.02	82.61	17,772.29
60	334.64	253.18	81.46	17,519.12
61	334.64	254.34	80.30	17,264.78
62	334.64	255.51	79.13	17,009.27
63	334.64	256.68	77.96	16,752.59
64	334.64	257.85	76.78	16,494.74
65	334.64	259.03	75.60	16,235.71
66	334.64	260.22	74.41	15,975.49
67	334.64	261.41	73.22	15,714.07
68	334.64	262.61	72.02	15,451.46
69	334.64	263.82	70.82	15,187.64
70	334.64	265.03	69.61	14,922.62
71	334.64	266.24	68.40	14,656.38
72	334.64	267.46	67.18	14,388.92
73	334.64	268.69	65.95	14,120.23
74	334.64	269.92	64.72	13,850.31
75	334.64	271.15	63.48	13,579.16
76	334.64	272.40	62.24	13,306.76
77	334.64	273.65	60.99	13,033.11
78	334.64	274.90	59.74	12,758.21
79	334.64	276.16	58.48	12,482.05
80	334.64	277.43	57.21	12,204.63
81	334.64	278.70	55.94	11,925.93
82	334.64	279.97	54.66	11,645.95
83	334.64	281.26	53.38	11,364.70
84	334.64	282.55	52.09	11,082.15
85	334.64	283.84	50.79	10,798.31
86	334.64	285.14	49.49	10,513.16
87	334.64	286.45	48.19	10,226.71
88	334.64	287.76	46.87	9,938.95
89	334.64	289.08	45.55	9,649.87
90	334.64	290.41	44.23	9,359.46
91	334.64	291.74	42.90	9,067.72
92	334.64	293.08	41.56	8,774.65
93	334.64	294.42	40.22	8,480.23
94	334.64	295.77	38.87	8,184.46
95	334.64	297.12	37.51	7,887.34
96	334.64	298.49	36.15	7,588.85
97	334.64	299.85	34.78	7,289.00
98	334.64	301.23	33.41	6,987.77
99	334.64	302.61	32.03	6,685.16
100	334.64	304.00	30.64	6,381.17
101	334.64	305.39	29.25	6,075.78
102	334.64	306.79	27.85	5,768.99
103	334.64	308.19	26.44	5,460.80
104	334.64	309.61	25.03	5,151.19
105	334.64	311.03	23.61	4,840.17
106	334.64	312.45	22.18	4,527.71
107	334.64	313.88	20.75	4,213.83
108	334.64	315.32	19.31	3,898.51
109	334.64	316.77	17.87	3,581.74
110	334.64	318.22	16.42	3,263.52
111	334.64	319.68	14.96	2,943.84
112	334.64	321.14	13.49	2,622.70
113	334.64	322.61	12.02	2,300.09
114	334.64	324.09	10.54	1,975.99
115	334.64	325.58	9.06	1,650.41
116	334.64	327.07	7.56	1,323.34
117	334.64	328.57	6.07	994.77
118	334.64	330.08	4.56	664.70
119	334.64	331.59	3.05	333.11
120	334.64	333.11	1.53	0.00

Comparison

Scenario	Total interest	Total paid
Standard plan	9,069.46	39,069.46
Your plan	9,321.75	40,156.26

Formula

B′ = B × (1 + r)^grace months

= 834.51

Note

This schedule applies the standard amortization formula to the figures you entered. It assumes a fixed rate, payments made on time, and no fees, insurance or rate changes; a real lender's statement will differ.

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Frequently asked questions

What is the grace period and why does it have a cost?+

The grace period is the months after graduation before payments start, but on unsubsidized loans interest keeps accruing during that time. That unpaid interest is often added to your principal (capitalized), so the loan balance grows before you make a single payment.

Does the grace period cost apply to all student loans?+

No — subsidized federal loans don't accrue interest during the grace period, so there's no added cost. Unsubsidized federal loans and most private loans do accrue interest, which is what this calculator measures.

Can I avoid the capitalized interest hit?+

Yes — making interest-only payments during the grace period, even small ones, prevents that accrued interest from being added to your principal, which keeps your total balance lower for the life of the loan.

How much difference does capitalization actually make?+

It depends on the balance, rate, and grace period length, but capitalizing several months of interest on a large loan can add hundreds of dollars to the principal, which then itself accrues interest for years afterward.

Why does a longer grace period cost more than a shorter one?+

Interest accrues every day the loan is unpaid, so a six-month grace period accrues twice the interest of a three-month one on the same balance and rate, all else being equal.

Student Loan Grace Cost Calculator

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